SUPER GROUP Correlations

S8G1 Stock

EUR 1.41 0.04 2.92%

The current 90-days correlation between SUPER GROUP LTD and High Liner Foods is 0.01 (i.e., Significant diversification). The correlation of SUPER GROUP is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

SUPER GROUP Correlation With Market

Good diversification

The correlation between SUPER GROUP LTD and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SUPER GROUP LTD and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to SUPER GROUP could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SUPER GROUP when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back SUPER GROUP - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling SUPER GROUP LTD to buy it.

Moving together with SUPER Stock

0.84	MSF	Microsoft	Pair Corr
0.84	MSF	Microsoft	Pair Corr
0.84	MSF	Microsoft	Pair Corr
0.83	MSF	Microsoft	Pair Corr
0.68	DBPD	Xtrackers ShortDAX	Pair Corr

Moving against SUPER Stock

0.71	1CM	NIKKON HOLDINGS TD	Pair Corr
0.32	7WE	SENKO GROUP HOLDINGS	Pair Corr
0.32	NRSA	NTG Nordic Transport	Pair Corr
0.81	5TP	BLUE LABEL	Pair Corr
0.8	3RE	Rejlerkoncernen AB	Pair Corr
0.74	T62	TOHO ZINC LTD	Pair Corr
0.72	TKA	thyssenkrupp AG	Pair Corr
0.7	BSN	Danone SA	Pair Corr
0.66	JYS1	JYSKE BANK	Pair Corr
0.6	TLLB	Trelleborg AB	Pair Corr
0.6	DBPE	Xtrackers LevDAX	Pair Corr
0.59	KEI	KEISEI EL RAILWAY Split	Pair Corr
0.57	E908	Lyxor 1	Pair Corr
0.5	ROM	Rohm Co	Pair Corr
0.4	MRG	Outcrop Silver Gold	Pair Corr
0.38	HUKI	HUHTAMAKI	Pair Corr

Related Correlations Analysis

	COP	PUS	LWF	AZU	NI6	0NH	28Y
COP		0.49	-0.35	0.5	-0.34	0.4	0.23	COP
PUS	0.49		-0.22	0.71	-0.72	0.4	0.19	PUS
LWF	-0.35	-0.22		-0.48	0.44	-0.79	-0.12	LWF
AZU	0.5	0.71	-0.48		-0.66	0.65	0.49	AZU
NI6	-0.34	-0.72	0.44	-0.66		-0.35	-0.25	NI6
0NH	0.4	0.4	-0.79	0.65	-0.35		0.28	0NH
28Y	0.23	0.19	-0.12	0.49	-0.25	0.28		28Y
	COP	PUS	LWF	AZU	NI6	0NH	28Y

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

AZU	+ 0.71	PUS
0NH	+ 0.65	AZU
AZU	+ 0.5	COP
PUS	+ 0.49	COP
28Y	+ 0.49	AZU
NI6	+ 0.44	LWF

High negative correlations

0NH	- 0.79	LWF
NI6	- 0.72	PUS
NI6	- 0.66	AZU
AZU	- 0.48	LWF
0NH	- 0.35	NI6
LWF	- 0.35	COP

Risk-Adjusted Indicators

There is a big difference between SUPER Stock performing well and SUPER GROUP Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze SUPER GROUP's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
COP	0.68	0.07	0.14	0.22	0.73	(0.77)	1.68	(1.34)	4.46
PUS	0.15	0.00	0.00	(0.01)	0.00	0.00	0.62	0.00	3.67
LWF	1.79	(0.09)	0.00	1.45	0.00	0.00	4.85	(2.78)	14.95
AZU	0.64	0.06	0.14	0.75	0.72	(0.70)	1.66	(1.23)	4.03
NI6	1.05	(0.05)	0.00	3.46	0.00	0.00	1.46	(3.21)	9.69
0NH	1.47	0.08	0.10	(0.27)	1.38	(2.22)	3.82	(2.34)	8.48
28Y	1.65	0.02	0.04	(0.16)	2.16	(2.13)	4.90	(4.39)	14.81

Be your own money manager

Our tools can tell you how much better you can do entering a position in SUPER GROUP without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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